Monrovia – The Director Basic of the Inter-Governmental Motion Group in opposition to Cash Laundering in West Africa (GIABA), Edwin W. Harris Jr., will lead a high-powered delegation to Liberia from August 11–13, 2025, to strengthen the nation’s Anti-Cash Laundering/Countering the Financing of Terrorism (AML/CFT) efforts and put together for the GIABA forty fourth Plenary and Technical Fee assembly in Monrovia later this 12 months.
Liberia’s Second-Spherical Mutual Analysis Report adopted in Might 2023, positioned the nation below Enhanced Observe-Up after figuring out strategic deficiencies in its AML/CFT/Counter-Proliferation Financing (CPF) regime. Since then, Liberia has taken key steps, together with enacting the Management Drug and Substance Act (2023), adopting a nationwide AML/CFT Motion Plan (2024–2028), creating the Workplace of Asset Restoration, and becoming a member of the Egmont Group of Monetary Intelligence Models.
In response to a launch, the November 17–21, 2025 Plenary will convey collectively world AML/CFT specialists, with President Joseph Boakai and key ministers anticipated to handle the opening session. Liberia final hosted the GIABA Plenary in Might 2017.
The discharge additional famous that in his go to, Harris will meet with President Boakai, related ministers, the Central Financial institution Governor, the Monetary Intelligence Company, and different stakeholders to debate reforms wanted forward of Liberia’s third-round Mutual Analysis Report in 2031. These embody updating legal guidelines to align with Monetary Motion Process Pressure (FATF) requirements, increasing predicate offences, addressing terrorist financing dangers, enhancing supervision of monetary and non-financial entities, and enhancing information assortment.
Internet hosting the Plenary, GIABA says, won’t solely increase Liberia’s world profile but additionally ship financial advantages and strengthen the nation’s place within the regional battle in opposition to monetary crimes.
